ERLANGER, Ky. (January 9, 2015) – After roughly three decades of delivering products with the highest safety, quality, design and value, Toyota North America marks a historic record with 1,985,501 vehicles produced in 2014, a 7 percent increase. In addition, Toyota built a record 1,909,848 engines, an 11 percent increase from 2013. Stronger demand was driven in part by the redesigned Camry, Corolla, Highlander and RAV4 models.

Toyota North America CEO Jim Lentz speaks at the Automotive Hall of Fame Induction & Awards Gala Ceremony, where he was recognized as Industry Leader of the Year on July 24, 2014. full_image_path: D:Inetpubtoyotamediahtdocsimages2011ANWC_1723_thumb_20140724191333840.jpg feed_brand_code:

TORRANCE, Calif. (July 24, 2014) – Jim Lentz, chief executive officer of Toyota North America, was recognized as Industry Leader of the Year at the Automotive Hall of Fame’s 75 th Anniversary Gala on July 24, 2014. The event was held at the A. Alfred Taubman Center for Design Education, College for Creative Studies in Detroit. full_image_path: D:InetpubtoyotamediahtdocsimagesLentz_Hall_of_fame_thumb.jpg feed_brand_code:

Filed under: Plants/Manufacturing , Toyota They say everything is bigger in Texas, and apparently that includes the Toyota’s effect on the economy. The giant Japanese automaker’s new headquarters in Plano, TX, will add an estimated $7.2 billion to the state over the next 10 years, according to a new study commissioned by the city and cited by Bloomberg . The benefits appear to be an absolute steal compared to the direct incentives that Plano and the state are giving Toyota . The report finds that by the time the automaker’s campus is complete in 2018, it could have 3,650 full-time workers there at an average salary of $104,000. The city has prepared $6.75 million in grants, plus property tax discounts, according to Bloomberg . In addition to that, the state is offering the business $40 million in incentives from its Texas Enterprise Fund. This is still a fraction of what Toyota is estimated to bring in. Toyota announced in April that it would move its US operations to Plano after being headquartered in California since 1957. The move affects thousands of employees from the sales and engineering divisions. The first workers will arrive there this fall, but Toyota will eventually have a whole campus in Plano by late 2017.

Filed under: Hirings/Firings/Layoffs , Toyota UPDATE: It’s official, Toyota has announced it is relocating its North American headquarters in Plano, Texas. See the full story here . According to multiple sources familiar with the matter, Toyota is poised to announce Monday that it is restructuring its US operations, which may include plans to relocate some of its operations to Texas. Toyota Motor Sales has been located in California since 1957, and is responsible for North American sales, marketing, and distribution for Toyota, Lexus and Scion . According to Toyota literature, its Torrance operations presently employs 6,156 workers and represents a $2.3-billion investment. Workers in Toyota’s Torrance offices were abuzz about the possible relocation to Texas. One young offspring of a Toyota employee even posted to Twitter that her parents warned about the upcoming move, and she said she’s refusing to go. Rumors at one point had Toyota settling in Richardson, TX, just outside Plano. But Autoblog talked to Richardson Mayor Laura Maczka, who said she would be thrilled if that were true, but has not heard anything on the subject. Autoblog also emailed with Bill Sutherland, a city councilman in Torrance, CA, who said, “To date the only info I have is what I have read in the paper expecting a press release Monday.” If the automaker moves its operations to the Lone Star state, the transition is expected to take place in waves over two to three years.

Filed under: Hirings/Firings/Layoffs , Toyota According to multiple sources familiar with the matter, Toyota is poised to announce Monday that it is restructuring its US operations, which may include plans to relocate some of its operations to Texas. Toyota Motor Sales has been located in California since 1957, and is responsible for North American sales, marketing, and distribution for Toyota, Lexus and Scion . According to Toyota literature, its Torrance operations presently employs 6,156 workers and represents a $2.3-billion investment. Workers in Toyota’s Torrance offices were abuzz about the possible relocation to Texas. One young offspring of a Toyota employee even posted to Twitter that her parents warned about the upcoming move, and she said she’s refusing to go. Rumors at one point had Toyota settling in Richardson, TX, just outside Plano. But Autoblog talked to Richardson Mayor Laura Maczka, who said she would be thrilled if that were true, but has not heard anything on the subject. Autoblog also emailed with Bill Sutherland, a city councilman in Torrance, CA, who said, “To date the only info I have is what I have read in the paper expecting a press release Monday.” If the automaker moves its operations to the Lone Star state, the transition is expected to take place in waves over two to three years. It is not immediately clear when the transition will begin, or if Toyota Financial Services also plans to relocate its operations – a division that employs a further 3,286 workers. It is also unknown how many employees will be offered assistance packages, should this move to Texas actually happen.